Examlex
Kelly's main contribution to assessment is the
Consignment
A business arrangement in which goods are left in the possession of another party to sell, with payment to the consignor occurring after sale.
Consignor
The Consignor is the person or entity who owns goods that are sent to another party, known as the consignee, to sell on their behalf.
Consignee
The individual or entity to whom goods are shipped to be sold on behalf of the consignor, who retains ownership until the goods are sold.
FIFO
An inventory valuation method that assumes that the first items placed into inventory are the first sold.
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